Opinion: Part-Time America

This transcript has been automatically generated and may not be 100% accurate.

... opinion Journal why Mary Kissel ... the Labor Department announced today that the economy and a hundred and sixty two thousand jobs in the unemployment rate fell to seven point four percent ... while many Americans continued to drop out of the workforce the markets didn't like that news I thing like that news look at that chart ... terrible Steve Moore doesn't like that news my colleague in editorial board member is in Washington to talk about this ... see twenty million people still looking for work what's going on ... yet married this would have carried disappointing jobs report a lot of people expect about two hundred thousand jobs ... the only do we get a hundred fifty two dollars and which is you know the care but ... we all know ... the tradition bound work of another twenty eight thousand jobs ... the big story here is the one you choose to marry that more more Americans can continue ... to drop out of the labor force that is really ... on products that add at this stage of growth ... in economic recovery were in the fifth year of recovery for more more people to be dropping out usually people the faltered refashion out when ... jobs are coming back into the ... very discouraging to me that if we hadn't had the drop in the labor force participation rate ... I we counted those people dropped out of town employed the unemployment rate today Mary would become for shot ... while ... so I was there anything you see are we are worthy seize the jobs that were added sting ... the really wasn't much a minute while but the fact that the unemployment rate officially dropped from seven point ... six to seven point four percent I guess that's good news on combat The helpline number ... but you know these were just discouraging numbers we should be reading about twice the number of jobs every month ... Marianne and that we would on a little bit I think this is not the other thing that really discouraging is ... that we also saw another increase in part-time employment fell ... not only are we not creating a live shot but only about half of the jobs that we created ... by the end ... of July ... were either in the ... leisure and hospitality industry ... for the retail industry show ... Mary if you're a bartender or they are dishwasher or are selling clothes that made the that that the economy but otherwise didn't ... on the screen a ... quote from the White House Alan Krueger ... he explained it this way he said quote ... the across the board budget cuts known as the sequester continued to be a drag on the economy now and in the future ... the missed ration continues to urge Congress to replace the sequester ... with balanced deficit reduction ... and promote the investments our economy needs to put more Americans back to work ... such as by rebuilding our roads and bridges and quote Steve is that the right solution ... yellow colors of all they that they can use that excuse anymore that the government downsizing because actually there with a slight ... pop pop lock in employment in the common factor so that that was dragging down the economy ... is the fact the private sector employers are not hiring right now until ... I find that to be a kind of phony excuse ... them by the way with a profit of thirty one from Dallas approach which really saying the proposed terms ... for saying that he wanted the cash agreed to buy after that think Mary ... that the tax increase that we did in January ... on about one of employers that's one of the reasons for getting the flowers in numbers is Obamacare ... that implementation date which is coming up October first another reason why were seen so much part-time hiring stayed ... there is no doubt about that in Obamacare is ... discouraging employers from hiring people for more than ... thirty hours a week no question we're seeing not ... in the day that that the people are getting tired of not getting forty hour week job and cut ... the number of hours we work ... on it actually declined in the latest report it only after it was any good news it's really hard to find any good bit of this report Mary an eight that they had ... a lot of expected that good report and that this was pretty dismal ... dismal pretty lousy whatever you ... call its editorial board member Steve Moore thank you very much ... that they are